TSM

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: SoDEX against Extended−0.088%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.088% cheaper against Extended than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 29 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TSM-USD	443.24	0.0040	pay 0.0005% / 1h	6m 48s	$2K	$189K	10x
Short	SoDEX TSM-USD	442.85	0.0050	get 0.0006% / 1h	6m 48s	$136	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee SoDEXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $2.1
Price spread: −0.088% → 0.000%: −$8.83
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.73
Costs to cover: 0.130%
Break-even: 72.8 days

Slippage unknown: Extended: live order book, 55 min ago; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 55 min ago	1.58 bp	9.6 bp −$10	77.6 bp −$776	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TSM on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TSMUSDT	0.0000%	8h	443.48	+0.055%	$81K	$1K	20x	as long as short
Bybit TSMUSDT	0.0000%	8h	443.00	−0.054%	$2.0M	$382K	50x	as long as short
OKX TSM-USDT-SWAP	0.0000%	8h	443.20	−0.009%	$4.0M	$2.4M	20x	as long as short
Gate TSM_USDT	0.0000%	8h	443.13	−0.025%	$1.7M	$961K	100x	as long as short
Bitget TSMUSDT	0.0000%	8h	443.45	+0.047%	$1.7M	$1.4M	20x	as long as short
Variational Omni TSM	0.0000%	8h	443.57	+0.074%	$549K	$61K	—	as long as short
SunX TSM-USDT	0.0000%	8h	443.28	+0.009%	$1K	$4.3M	10x	as long as short
HTX TSM-USDT	0.0000%	8h	443.21	−0.007%	$9K	$9K	20x	as long as short
Phemex TSMUSDT	0.0000%	8h	443.44	+0.045%	$1.5M	$446K	10x	as long as short
Lighter TSM	+0.0032%	1h	443.57	+0.074%	$501K	$173K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH TSM	+0.0032%	1h	443.27	+0.006%	$221K	$645K	10x	as long as short
Extended TSM-USDlong	+0.0040%	1h	443.24	long leg	$2K	$189K	10x
BloFin TSM-USDT	+0.0041%	8h	443.33	+0.020%	$45K	$98K	20x	as long as short
Binance TSMUSDT	+0.0042%	8h	443.38	+0.031%	$13.0M	$6.8M	20x	as long as short
Vest TSM-USD-PERP	+0.0046%	1h	442.70	−0.122%	—	$583	25x	as long as short
tradeXYZ xyz:TSM	+0.0050%	1h	442.94	−0.068%	$10.2M	$2.3M	10x	as long as short
Polymarket Perps TSM-USD	+0.0050%	1h	442.99	−0.057%	$196K	$51K	10x	as long as short
SoDEX TSM-USDshort	+0.0050%	1h	442.85	−0.088%	$136	$3K	10x
Ondo Perps TSM-USD.P	+0.0050%	1h	443.12	−0.027%	$158K	$23K	10x	as long as short
GRVT TSM_USDT_Perp	+0.0088%	8h	443.33	+0.020%	$11K	$1.2M	10x	as long as short
KuCoin TSMUSDTM	+0.0100%	8h	442.95	−0.066%	$268K	$318K	20x	as long as short
Orderly PERP_TSM_USDC_mythos	+0.0100%	8h	443.24	0.000%	$21	—	10x	as long as short
edgeX TSMUSDC	+0.0103%	4h	443.45	+0.046%	$48K	$216K	10x	as long as short
Aevo TSM-PERP	+0.0104%	1h	443.25	+0.003%	$124	—	10x	as long as short
Coinbase International TSM-PERP-INTX	+0.0152%	1h	443.05	−0.043%	$369K	$107K	10x	as long as short
Phoenix TSM	+0.0217%	1h	443.70	+0.103%	$216K	$5K	10x	as long as short
Injective TSM/USDC PERP	+0.0220%	1h	448.46	+1.177%	$7K	$38K	12x	as long as short
Deribit TSM_USDC-PERPETUAL	+0.0721%	1h	443.34	+0.022%	$4	$24K	10x	as long as short